Business
Result of EGM and Issue of £17.5 million of Equity
Result of EGM and Issue of £17.5 million of Equity.
About this update from Duke Capital Limited
[{"type":"text","content":"\n \nRNS Number : 6704R Duke Royalty Limited 30 October 2019 \n\n \n \nDuke Royalty Limited\n(\"Duke Royalty\", \"Duke\" or the \"Company\")\nResult of EGM and Issue of £17.5 million of Equity\nDuke Royalty Limited (AIM: DUKE), a provider of alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and abroad, announces that the Extraordinary Resolution put to Shareholders in connection with the Fundraising was duly passed at the General Meeting held earlier today. The voting results of the General Meeting will be available to view on the Company's website shortly at www.dukeroyalty.com. \nThe Company is pleased to confirm it has raised an additional £892,287 by way of Open Offer, as it received final valid applications from Qualifying Shareholders in respect of 2,027,925 Open Offer Shares including applications under the Excess Application Facility.\nAccordingly, the Company has raised a total of approximately £17.45 million (before expenses) via the Fundraising, following the issue and allotment of 39,667,899 new ordinary shares (the Fundraising Shares\"), comprising 36,591,000 Placing Shares, 2,027,925 Open Offer Shares and 1,048,974 Retail Offer Shares. An application has been made for the Fundraising Shares to be admitted to trading on AIM (Admission), which is expected to take place at 8.00 a.m. on 31 October 2019.\nDirectors' participation in the Fundraise\n\n\n\nName\n\n\nNo. of existing Ordinary Shares\n\n\nNo. of Placing Shares\n\n\nTotal holding\n\n\nPercentage of\nenlarged issued\nshare capital\nfollowing\nAdmission\n\n\n\n\nNeil Johnson (1)\n\n\n3,507,193\n\n\n142,807\n\n\n3,650,000\n\n\n1.52\n\n\n\n\nCharles Cannon-Brookes (2)\n\n\n5,400,000\n \n\n\n156,693\n\n\n5,556,693\n\n\n2.32\n \n\n\n\n\nJustin Cochrane\n\n\n740,000\n\n\n75,000\n\n\n815,000\n\n\n0.34\n\n\n\n \n(1) Of these, prior to the Fundraising 1,800,193 Ordinary Shares are legally owned by Abingdon Capital Corporation (\"Abingdon\"). Abingdon has not subscribed for any New Shares in the Fundraising. Mr Johnson is Abingdon's sole voting shareholder. Following the issue of New Shares, Abingdon will legally own 1,800,193 Ordinary Shares on Admission. Mr Johnson has subscribed in his own name for 142,807 New Shares, representing £62,835 in the Fundraisi...